โ Scribed by Heather Rowe
No coin nor oath required. For personal study only.
I was somewhat sceptical, initially, as to what this book might have to offer to a lawyer like me, practising in the IT and telecoms field, but with a particular interest in electronic commerce and electronic trading.
In fact, it is an interesting, thorough and helpful book (particularly so when one looks at the extensive acknowledgements to recognized experts in this field who have helped in its creation).
Broadly speaking, the book breaks down into sections: the first five chapters look at the nature and conduct of exchanges and other trading systems.
Chapter 6 looks at the importance to exchanges of the distribution of price and quote information and looks at areas that will be of interest to lawyers such as what rights the providers of information have (and need to have) to the information that they publish. Information being a key driver of electronic trading systems, it is crucial to be able to use that information without interruption and to provide that information without interruption.The chapter looks at who might claim property rights over information such as price and quote data and looks, for example, at copyright, confidentiality and other possible ways in which the use of information might be restricted.
Chapters 7 to 9 look at the law and regulation governing current systems and will be therefore of particular interest to legal practitioners. There is a clear summary of the relevant US, UK and EU law and the chapter also revisits topics such as copyright and also the (certainly when the book was published) very new EU law in relation to the protection of databases.
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